Freelancing is described as an emerging and aspirational space, particularly for young people in Tier 2 and Tier 3 cities in India. It's part of the gig economy, where individuals hop from one project to another and lack a predictable income like a salary. Instead, they must find projects, get paid, and manage their finances themselves

Freelancing

Freelancers are often not considered "respectable".People to view themselves as businesses, not just isolated workers, emphasizing that someone earning ₹3 lakh per month and supporting their family is no less respectable than a well-regarded bank manager. This shift in mindset is crucial.

Perception problem surrounding freelancing

There are two main paths for growth after starting as a freelancer: Continuing to evolve as a better freelancer or building an agency.

Paths for Growth: Freelancer vs. Agency

Building an agency is as very risky. It involves significant administrative burden, expenses (like salaries and real estate), and a constant pressure to secure work to cover costs. Agencies can easily take on too much work and recruit based on peak loads, leading to difficulties and potential losses when work decreases, as it's hard to lay off employees quickly. While it can lead to different kinds of opportunities and scaling, it moves the individual away from the core execution, which might not suit everyone.

Building An Agency

The freelancer path to growth requires a "very, very hard thing" that many people cannot do: dropping a client. To grow income and level up, a freelancer needs to free up time, which often means letting go of existing clients, even if it temporarily reduces income. This is seen as taking "one step back for two steps forward". The newly available time shouldn't immediately be used to find new clients, but rather to re-assess and upgrade skills.

The Freelancer Path

There are several key strategies for success in freelancing:<ol><li>Choosing a Domain</li><li>Getting Started and Broadcasting Work</li><li>Client Acquisition</li><li>Pricing</li><li>Charging Premium</li><li>Client Service</li><li>Getting Feedback and Testimonials</li><li>Scaling as a Freelancer</li></ol>

Key Strategies for Freelancing Success

Focus on creative free-lancing services. These services are in high demand because every company is becoming a "media company" and increasing content creation drastically. Domains are categorized by their barrier to entry:<ul><li>High Barrier</li><li>Medium Barrier</li><li>Low Barrier</li></ul>

1. Choosing a Domain

These services typically require significant capital investment or prior experience/trust before a client will hire you. It's difficult to get initial freelance gigs directly.Examples of Domains/Services:Performance Marketing, Video ProductionPotential Income/Growth:These can be high-paying servicesMight require starting with a job in the field to gain experience and trust before freelancing

High Barrier To Entry

These fields require renting equipment, convincing clients to invest more, or collaborating with others. The initial hurdle is higher than low barrier but lower than high barrier.Examples of Domains/Services:Video Production, CinematographyPotential Income/Growth: These fields have high potential. Video editing for podcasts and ads shows significant price increases.Suitable for individuals who can potentially access or rent necessary equipment or have connections.

Medium Barrier to Entry

These are services that require minimal initial investment beyond a phone and internet. They are presented as the most accessible starting point.Examples of Domains/Services:Content Writing, Designing, Video Editing, Social Media Management, LinkedIn Management.Potential Income/Growth: Starting rates can be around ₹1000-₹2000 per social media design, potentially earning ₹40,000-₹80,000 per month. Video editing can start lower and scale significantly with experience and complexity (e.g., podcasts, ads).Ideal for those with limited capital but access to a phone and internet

Low Barrier to Entry

Start with small projects, even for family or friends. Be "shameless" about broadcasting your work. Share everything you do on all possible platforms (LinkedIn, Facebook, Twitter, WhatsApp, etc.). You never know where your first opportunities will come from. Good work coupled with broadcasting leads to referrals.

2. Getting Started and Broadcasting Work

Focus on addressing client objections. A primary objection is often wanting to see previous work. A powerful technique is to take a potential client's existing work (like a LinkedIn post, thumbnail, or video) and show them how you would make it better. When sending your portfolio, make it extremely easy to access (e.g., directly clickable links in the email, curated links, attach your best work first). Write "hard to ignore" subject lines for emails, like "I Have Made Something For You"

3. Client Acquisition

Understanding the market is crucial. Join communities of freelancers (like WhatsApp groups) and directly ask others about rates for specific services. Research on platforms like Upwork can provide additional data points and help determine a broad range. Once you have a range, honestly assess your own portfolio and skill level to position yourself within that range. While starting cheap can help build a portfolio, avoid undervaluing yourself; the goal is to eventually charge market rate and then premium. Pricing requires continuous attention and adjustments based on market conditions.

4. Pricing

Merely doing "good work" allows you to charge market rate. To charge premium, you must go "above and beyond". This involves incremental efforts that yield exponential benefits. Examples include adding value beyond the core service, like understanding a client's broader business needs (e.g., how web copy affects sales), or performing small, thoughtful actions that make the client feel valued and supported.

5. Charging Premium

This is emphasized as the "actual work" of freelancing, even more important than acquisition and selling. The core principle is to make the client experience "frictionless", similar to a five-star hotel. Practical aspects include:<ul><li>Proactive Communication: Reply promptly to client messages (not 24 hours later). </li><li>Onboarding Process: Have a clear process to inform the client about how you work and what to expect.</li><li>Educate the Client: Don't assume the client understands technical details or industry processes. Explain things clearly without jargon.</li><li>Manage Expectations</li></ul>

6. Client Service

Ask clients for "feedback" rather than just "testimonials". Ask specific questions like <ul><li>"What did I do right?"</li><li>"What did I do wrong?",</li><li>"How can I make it better?</li></ul>to get actionable insights. Make it easy for busy clients to provide feedback, perhaps by drafting a message for them to approve. If the feedback is positive, ask permission to use it on your website or social media.

7. Getting Feedback and Testimonials

Once time is freed up by dropping a client, focus on improving your skill and building a "T-shape skill". This means having deep expertise in your core service (e.g., editing) but also gaining a broader understanding of related areas that impact the client's goals (e.g., an editor understanding social media growth, hook writing, or basic design principles).Understand the impact of your work from the client's perspective (e.g. increases views, or drives sales)Incorporate this understanding into your pitches. Growth requires patience and strategic upgrading of skills.

8. Scaling as a Freelancer:

Instead of just listing "bad clients," define what makes a good client. A red flag is a client who expects a "perfect imperfect relationship" – they are disorganized or late but expect perfection from you. Other signs include poor briefing, expecting immediate results while delaying payment, and excessive micromanagement, which shows a lack of trustA framework is suggested to evaluate clients based on five criteria (CRMBV)

Identifying Good (vs. Bad) Clients

<ul><li>C - Creativity: Does working with them allow you to do highly creative work that enhances your portfolio?</li><li>R - Relationship: Is there a strong relationship, potentially built over time? Sometimes you might do a favor for someone who supported you early on.</li><li>M - Money: Do you need the money from this project?</li><li>B - Brand Building: Will associating with this client elevate your brand or signal your capabilities (like working with a big name)?</li><li>V - Visibility: Will the client provide visibility or credit for your work (e.g., mentioning you in captions)?</li></ul>

CRMBV - Evaluate Clients

A client matching three or more criteria is considered great. Two out of five is decent. One out of five is acceptable only if you need the money. A client who matches none (no creative freedom, no money, no relationship, no brand lift, no visibility) should be avoided. This framework provides a clearer way to assess a client's potential value rather than just focusing on their flaws, as "humans are imperfect" and most clients will have some issues.

👉 Listen to this on Spotify: https://open.spotify.com/episode/1aJowYy0XqbNKBmNd2s1JV?si=s7NvscVZTiulOcEIKEw4TA 

👉India’s first ‘learn by doing’ experience for growing your wealth. Imagine being able to build your own personal finance plan while attending a class, live. Apply to this upcoming FREE class this week here on Zerodha Varsity: https://openinapp.link/tsje3

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👉By Think School: https://thethinkschool.com/

👉VIDEO INTRODUCTION:

What happens when a teenager from a small town starts earning ₹6 lakhs a year,  not from a job, but from YouTube and freelancing?

Meet Ayush Wadhwa, a creator, entrepreneur, and founder of Owled Media. From humble beginnings in Rohtak with nothing but a webcam and curiosity, Ayush turned his passion into profit, cracked the code of freelancing, and scaled a one-man hustle into a 75+ member creative powerhouse.

In this episode, Ayush opens up about everything, how to start freelancing with zero capital, land high-paying clients without a fancy portfolio, and the brutal truths no one tells you about the creator economy. He also breaks down the biggest scams in the industry, the psychology of pricing, and why most freelancers fail to scale.

If you're a college student, an aspiring freelancer, or someone figuring out how to monetise your skills in the digital age, this conversation is pure gold.


►►Check out Think School: https://thethinkschool.com/sp/communication-masterclass/
►►ThinkSchool English 
https://www.youtube.com/@ThinkSchool


►►Check out Zerodha - https://www.youtube.com/@UC59YUBhNLMkS2Q8NBWBGHAA 


00:00 - Trailer
02:09 - Zerodha
02:27 - Introduction
06:48 - Ayush’s freelance journey
25:25 - Put yourself out there 
29:46 - Which freelance domains can you build a sustainable business in? 
38:04 - How much can freelancers earn in the creator economy?
48:20 - How to spot fake freelancers
1:00:48 - Negative perceptions about freelancers
1:08:30 - Strategy to get Clients
1:14:50 - Building Your Mock Portfolio
1:16:10 - Why Testimonials Matter 
1:25:20- How to do Client Servicing 
1:42:05 - How to price your services as a freelancer 
1:49:05 - Adding value beyond deliverables
1:55:13 - The harsh truth about freelancers 1:59:56 -  What is effective client servicing?
2:09:50 - How do you grow as a freelancer?
2:14:27 -  Freelancer vs. Agency Life.
2:16: 34 - Better Skills = Better Service
2:19:57 - 3 Red Flags in a Client
2:26:53 - What Makes a Great Client 





Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. 

Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

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The idea behind this channel is to talk about Indian businesses since most people only hear about American and European companies. We will highlight the amazing work, growth, and problem-solving strategies of Indian companies through this channel. Our mission is to teach you all about business, geopolitics and economics which are subjects that schools and colleges typically neglect. We are here to provide an education that truly prepares you for the real world, using the Think School team's knowledge and skills, with Zerodha as our channel partner. 


Think School Hindi by Zero1

How to make ₹1 Crore/yr as a Freelancer? | The Ultimate Blueprint for Freelancing @AyushWadhwa

If you keep trying to change what you do without changing who you are, you’ll fail every time.Before you act, define your identity.Not “I want to write.”“I’m a writer.”Not “I want to get fit.”“I am someone who trains daily.”When your identity aligns with your actions, the friction disappears.You’re no longer “trying”—you’re simply being.Discipline becomes self-expression.

1. Identity First, Actions Second

Start small. Smaller than you think.<ul><li>200 words.</li><li>10 pushups.</li><li>5 minutes of reading.</li></ul>Momentum doesn’t come from willpower.It comes from motion.Two minutes removes resistance.And once you start, you often keep going.That’s how habits stack—and how resistance dies.Start tiny, win daily.

2. The Two-Minute Momentum Rule ⏳️

Your brain avoids pain more than it seeks pleasure.Use that.<ul><li>Tell your friends you’ll pay them $100 if you skip your habit.</li><li>Announce your 30-day commitment publicly.</li><li>Make quitting cost you something.</li></ul>Accountability isn’t about pressure—it’s about leverage.When the stakes are high, your brain will find a way.Because comfort is only tempting when there’s no cost to failure.

3. Set Painful Consequences

What gets measured gets managed.What gets reflected on gets internalized.<ul><li>Use a habit tracker.</li><li>Post progress updates.</li><li>Write nightly reflections in a journal.</li></ul>Not for clout—but for clarity.Consistency thrives in visibility.You’re no longer guessing—you’re watching yourself evolve.

4. Track Publicly, Reflect Privately

Repetition isn’t the enemy.It’s the gateway.Build a ritual around your habit:Same playlist. Same time. Same location.Turn the mundane into something sacred.Because if you can fall in love with boredom, you’ll outlast everyone chasing motivation.The work is the reward.

5. Ritualize Boredom

Most people quit because they think success should feel exciting.But mastery feels like this:<ul><li>Quiet.</li><li>Repetitive.</li><li>Unseen.</li></ul>If you can force consistency when it’s not fun,If you can trust small daily actions over dopamine-driven choices,If you can show up even when no one is watching—you win.Not immediately.Not overnight.But inevitably.Because success doesn’t happen in one defining moment.It happens in the decision to show up, again and again.Start today.Force consistency.Watch your identity catch up.

Last Words

Chaos kills entrepreneurial dreams.
Most founders fail because they chase motivation, not systems.
Here are 5 principles to force consistency and grow 1% daily:

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Productivity

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Motivation & Inspiration

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Habits

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Time Management

📧 The 5 Principles Of Forced Consistency

Have you ever wondered why some people achieve extraordinary success while others remain stuck in mediocrity?The answer often lies not in what they do, but in what they deliberately choose to avoid.As someone who started with no qualifications and no money but managed to become a multi-millionaire, I've learned that success leaves clues – and so does failure.<a href="https://wealthoperators.beehiiv.com/subscribe">Wealth Building Guide - 50+ FREE Resources on Money, Investing & Personal Finance.</a> (It's free)

7 Crucial Mistakes to Avoid on Your Path to Wealth

Imagine two paths: The first offers immediate financial gratification but limited growth potential. The second presents initial challenges but unlimited possibilities. Which would you choose?Most people instinctively choose the first path, but here's the uncomfortable truth: working solely for money is one of the biggest mistakes you can make. Instead, focus on two crucial elements: skills and equity.Every self-made millionaire I know has prioritized skills and equity over immediate financial gain – it's the only way to build that kind of wealth.

1. Working Solely for Money: The Hidden Trap

In today's digital age, certain skills are in particularly high demand:<ul><li>Copywriting</li><li>Video editing</li><li>Coding</li></ul>The beautiful thing about these skills? There's a massive shortage of true experts. While many claim proficiency, 99% aren't meeting professional standards, creating enormous opportunities for those willing to master these crafts.

The Power of High-Income Skills

Picture this: cruising through Dubai in a yellow Lamborghini, dining at exclusive restaurants, living the "Instagram life." Sounds appealing, right? But here's the shocking reality: most people living these lifestyles are drowning in debt.Consider these sobering statistics:<ul><li>37% of Americans can't handle unexpected expenses over $400</li><li>39% worry about paying their bills</li><li>60% of American households can't afford a new car</li></ul>True wealth isn't about showing off – it's about building a strong foundation through appreciating assets like stocks, shares, crypto, and real estate.

2. The Luxury Lifestyle Trap

Even Elon Musk didn't do it alone. The success of the "PayPal Mafia" – the group of entrepreneurs who went on to found companies like YouTube, LinkedIn, and SpaceX – proves that collaboration trumps isolation every time.

3. The Solo Journey Myth

In today's world, we're bombarded with opinions and advice from every direction. The solution? Work backward from your end goal and only accept inputs that align with your destination. Quality over quantity isn't just a saying – it's a success strategy.

4. Information Overload: The Silent Progress Killer

Arrogance blinds you to the opportunities that could genuinely change your life.True wealth requires humility and an endless appetite for learning. Remember the iceberg principle: what you know is just the tip – the massive chunk of knowledge lies beneath the surface.

5. The Ego Trap

Life presents us with two tools: a magnifying glass and a mirror. The magnifying glass lets us focus on others and make excuses:<ul><li> "The system is rigged"</li><li>"I'm not rich enough to start"</li><li> "Life didn't give me the right opportunities"</li></ul>The mirror, however, focuses on what we can control – our thoughts and actions. Choose the mirror.

6. The Blame Game

Your comfort zone can become a self-imposed prison. According to studies, over half of Brits never leave their comfort zone, and 45% worry they'll regret this choice. The solution? Gradually expand your boundaries.Personal growth comes from pushing these boundaries. Whether it's starting a new business, traveling to unfamiliar places, or mastering new skills, each step outside your comfort zone opens new possibilities.

7. Comfort Zone Stagnation

Success isn't about following a perfect path – it's about avoiding the common pitfalls that derail most people's journeys. Start by examining your current trajectory:<ol><li>Are you building valuable skills, or just chasing quick money?</li><li>Are you investing in assets or trying to maintain appearances?</li><li>Have you surrounded yourself with the right people?</li><li>Are you taking responsibility for your journey?</li></ol>Remember, wealth isn't just about money – it's about creating value, continuous learning, and steady growth.

Taking Action: Your Next Steps

Get Odoo for free here today: https://www.odoo.com/r/GX6x

Get a FREE AI-built Shopify store in less than 2 minutes: https://www.buildyourstore.ai/mark-tilbury

I started out with no qualifications, and no money, but still managed to become a multi-millionaire, and a big part of that was down to avoiding the 7 things I’m going to be sharing with you today.  You see life is all about making hard choices, and the more of these things you can avoid while you’re young, the more money you’ll end up having in your bank account - that’s a promise.

00:00 Introduction
00:22 1. Working for JUST Money
04:14 2. Buying a Lifestyle
05:54 3. Doing Everything Yourself
09:11 4. Having Too Many Inputs
11:26 5. Being Ego Driven
13:06 6. Passing the Blame
14:52 7. Staying Static
________________________________________________
Disclaimers:

Some of the links in this description are affiliate links that I get a commission from
________________________________________________
GET IN TOUCH:
For business inquires only, please use this email: mark@marktilbury.com

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Money & Investments

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Entrepreneurship

I firmly believe that anyone who learns the skill sets of a millionaire can become a millionaire, ANYONE.

My Story: 

I left school at 16 with no qualifications and no money. No one believed in me especially my teachers. My first job was making wooden trash cans, and it paid less than $2 per hour. My manager bullied me and gave me all the bad jobs. I decided to quit and start my own business, it was a big risk.

30 years later...

I run a multi-million dollar business. I have grossed over 50 million. I have the house of my dreams and most importantly I have the freedom to spend time with my family. 

Now I want to help you become financially free as well. 

Socials name is @MarkTilbury on Tiktok, YouTube, Twitter & IG📸



Mark Tilbury

7 Things You Should Avoid If You Want to Be Rich

“Compound interest is the eighth wonder of of world”

We live in a world obsessed with quick fixes, but real wealth isn’t about winning the lottery or stumbling on a lucky break.It’s about smart, consistent decisions that compound over time.Here’s how the wealthy think and act differently:<a href="https://wealthoperators.beehiiv.com/subscribe">Wealth Building Guide - 50+ FREE Resources on Money, Investing & Personal Finance. </a>(It's free)

Wealth is Intentional

Most people don't realize luxury cars are wealth destruction machines.Did you know?Luxury cars lose about 60% of their value after just 5 years.Millionaires see cars differently. They:<ol><li>Buy reliable, used vehicles</li><li>Invest the difference in appreciating assets like stocks and real estate</li><li>Prioritize long-term wealth over short-term status</li></ol>

1. Don't Drive Your Wealth Away

The average millionaire saves and invests about 64% of their income.Never live bigger than your paycheck.Don't consume, instead, use your paycheck to invest for your future.Live like an undercover millionaire today to be a millionaire tomorrow.

2. The "Pay Yourself First" Principle

As your income grows, your savings rate should grow faster.You'll be tempted to upgrade everything—don't.Control your expenses before they control you.

3. Crush Lifestyle Creep

A degree is good, but your network is better.One of the greatest indicators of your future success is determined by the people who know you and trust you.Build and maintain meaningful relationships as early as possible.Your network is your net worth.

4. Your Network = Your Net Worth

If you've ever heard of the saying:"Don't put your eggs in 1 basket."Then you know that you shouldn't rely on just 1 income source.Start building multiple income streams today.

5. Multiple Income Streams Are Not Optional

Getting out of debt is:<ul><li>20% knowledge</li><li>80% a change in habit</li></ul>Changing your financial habits include:<ul><li>Earning more</li><li>Spending less</li><li>Investing more</li></ul>To live debt-free, you may have to adopt a lean life.

6. Avoid Bad Debt

63% of Americans cannot afford a $500 emergency.That means the average American would have to resort to high-interest credit card debt to pay for surprise expenses. Do your future self a favor and save 3 to 6 months' worth of living expenses.

7. The Emergency Fund: Your Financial Safety Net

It takes about 66 days for a new behavior to become an automatic habit.Stick to a productive daily routine to build healthy financial habits.When you build healthy financial habits, you will struggle less in life.

8. Create Healthy Habits

76% of millionaires exercise for at least 30 minutes daily.Never take your health for granted.Sticking to an exercise routine and a healthy diet is key.Remember that you cannot enjoy your wealth if you have bad health.

9. Prioritize Your Health

85% of millionaires read books for 30 minutes or more daily.Books give you a chance to learn from and think like the greatest minds that have walked this earth.If you want to succeed, you have to read.

10. Read More Books

“Compound interest is the eighth wonder of of world” - Albert EinsteinDon't work for your money, make your money work for you.Allow compound interest to build your wealth.﻿<a href="https://wealthoperators.beehiiv.com/subscribe">Wealth Building Guide - 50+ FREE Resources on Money, Investing & Personal Finance.</a> (It's FREE)

11. Make Money Work for You

Discover the world of business and economics.

economics

Economics

11 Wealth Secrets I Learned Advising 453 Millionaires 

“Good luck can be enticed by accepting opportunity.”

There is power in simple and obvious ideas.The simple steps to wealth creation described in George S. Clason’s classic book, The Richest Man in Babylon, is an excellent example of this.The Richest Man in Babylon uses “Seven Cures for a Lean Purse” to overview basic financial principles.<a href="https://wealthoperators.beehiiv.com/subscribe">Wealth Building Guide - 50+ FREE Resources on Money, Investing & Personal Finance. </a>(It's free)While Clayson wrote the book in 1926, the principles remain as relevant as ever.Here are seven simple steps to wealth creation from The Richest Man in Babylon:

Seven Cures for a Lean Purse

Pay yourself first. Whatever it is you do for a living, put 10% of your salary away into a savings account, and do not touch it.And over time, that savings account will grow, bringing “satisfaction to your soul.”

1. Pay yourself first using the skills you already have

What each of us calls our ‘necessary expenses’ will always grow to equal our incomes unless we protest to the contrary…Confuse not the necessary expenses with thy desires…Study thoughtfully your accustomed habits of living.Keep your expenses low. Take a hard look at what comes out of your bank account and see if there’s anything you can cut.This will increase your savings rate and allow you to build wealth faster.

2. Keep your expenses low

“Make your gold multiply.”The money we may retain from our earnings is but the start.The earnings it will make shall build our fortunes…To put each coin to laboring that it may reproduce its kind…a stream of wealth that shall flow constantly into your purse… an income that continueth to come whether you work or travel.By investing in interest-generating assets, you’ll grow your wealth by compounding not only your initial investment but also all the interest the principal has generated previously.

3. Invest what you save

Don’t put your money at risk to get rich quickly.Look for reputable money managers and investment vehicles to put your money into.Slow and steady investing will get you rich over the long term.

4. Protect your investments from loss.

“Own your own home”By purchasing a home, you are building equity in an asset instead of paying money to someone else for rent.Also, homes generally appreciate in value over time.So not only are you building equity, your equity will likely increase in value while you own the house.

5. Invest In A Home

The sooner you start compounding your money, the more money you’ll have to live off of when you choose to retire.Investing in your pension or a tax-free retirement account will provide you with cash for you and your family to live off when you’re much older.

6. Invest For Retirement

The more of wisdom we know, the more we may earn. That man who seeks to learn more of his craft shall be richly rewardedAlways do the affairs of man change and improve because keen-minded men seek greater skill that they may better serve those upon whose patronage they depend.Therefore, I urge all to be in the front rank of progress and not to stand still, lest they be left behind.In the age of the internet, you can learn valuable skills almost for free.

7. Learn New Skills To Increase Your Income

“Free education is abundant, all over the internet. It’s desire to learn that’s scarce.”

It takes discipline to apply these seven simple steps to wealth creation.But over a lifetime, they can make the difference between you having the freedom of your time or having to work for someone else as you get older.Start now.

These 7 Steps Are Simple, But Not Easy

"Seven Cures For A Lean Purse" From "The Richest Man In Babylon" by George 
Samuel Clason: 1. Start thy purse to fattening. (Pay yourself first.) 2. 
Control thy expenditures. (Keep your expenses low.) 3. Make thy gold 
multiply. (Invest what you save.) 4. Guard thy treasures from loss. 5. Own 
thy own home. 6. Insure a future income. (Invest for retirement.) 7. 
Increase thy ability to earn.

Seven Cures for a Lean Purse: Wealth Creation Lessons From "The Richest Man In Babylon" - Wealest — Wealest

<a href="https://wealthoperators.beehiiv.com/subscribe">Wealth Building Guide - 50+ FREE Resources on Money, Investing & Personal Finance.</a> (It's free)● FREEDOM AS A GOALIndependence is the best financial goal."Controlling your time is the highest dividend money pays.﻿"● SLEEP WELLManage your money in a way that helps you sleep at night. That's different from saying you should aim to earn the highest returns or save a specific percentage of your income.The highest form of wealth is the ability to wake up every morning and say:"I can do whatever I want today."

Timeless Lessons On Wealth, Greed & Hap

<ul><li class="ql-align-justify">Save Money</li><li class="ql-align-justify">Wait for the compound effect</li><li class="ql-align-justify">Play your game </li><li class="ql-align-justify">Respect to role of luck</li><li class="ql-align-justify">Pay the price</li><li class="ql-align-justify">You can be wrong </li><li class="ql-align-justify">Always have room for errors </li><li class="ql-align-justify">You will Change</li></ul>

How To Make Better Financial Deci

“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.”

People's ability to save is more in their control than they might think."Building wealth has little to do with your income or investment returns, and lots to do with your savings rate."

Save Money

The secret to investing is the power of compound interest. Be patient and enjoy the compound effect."The most powerful and important book should be called Shut Up And Wait. It's just one page with a long- term chart of economic growth"

Wait For Compound Effect

Understand your own game, create your own strategy. Your needs are different."Beware taking financial cues from people playing a different game than you are."

Play Your Game

Luck and misfortune are part of life. Don't get carried away with one and be prepared for the other."More important is that as much as we recognize the role of luck in success, the role of of risk means we should forgive ourselves and leave room for understanding when judging failures."

Respect The Role Of Luck

“Spending money to show people how much money you have is the fastest way to have less money.”

Uncertainty, doubt, and regret are common costs in the finance world. But you have to view them as fees (a price worth paying to get something nice in exchange) rather than fines."Sometimes it rains at Disneyland. But if you view the admission fee as a fine, you'll never enjoy the magic. Find the price, then pay it."

Pay The Pr

"It's not whether you're right or wrong that's important." George Soros once said"but how much money you make when you're right and how much you lose when you're wrong. You can be wrong half the time and still Imake a fortune."

You Can Be Wrong

Predicting what you'll use your savings for assumes you live in a world where you know exactly what your future expenses will be, which no one does."The most important part of a plan is having a plan for when the plan is not going according to plan."

Always Have Room For Errors

"Long-term planning is harder than it seems because people's goals and desires change over time."Sunk costs - anchoring decisions to past efforts that can't be refunded- are a devil in a world where people change over time.

You Will Change

“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.”

“Saving is the gap between your ego and your income.”

<ul><li>Try to show how rich you are</li><li>Be greedy</li><li>Risk everything </li><li>Invest like a Pessimist </li></ul>

Avoid These Mistakes And Bad Beh

How much money you have is the fastest way to have less money.No one is impressed with your possessions as much as you are."Saving is the gap between your ego and your income."

Try To Show How Rich You Are

Your best shot at keeping what is invaluable is knowing when it's time to stop taking risks that might harm them Knowing when you have enough.""Enough is realizing that an insatiable appetite for more will push you to the point of regret.

Be Greedy

You should like risk because it pays off over time. But you should be paranoid of ruinous risk because it prevents you from taking future risks that will pay off over time."Good investing is not necessarily about making good decisions. It' about consistently not screwing up."

Risk Everything

"Pessimists extrapolate present trends without accounting for how reliably markets adapt.""Save like a pessimist and invest like an optimist."

Invest Like Pessimist

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

books

Books

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Morgan Housel

The Psychology of Money

We are all trying to find our path throughout the chaos That is why we need guidance on how to get our life back in order.Here are the twelve rules that will help you live more peacefully, meaningfully and well-balanced.

Introduction

A lot can be told about a person by their posture and the way that they carry themselves.<a href="https://elevatedpath.kit.com/750d0fbeb5">The Art of Habits Guide + 15 Actionable Self-Improvement Templates</a> (It's free)

Rule 1: Stand up straight with your shoulders back

Standing up straight exudes dominance, confidence, and the ability to accept responsibility.Diversely, having a lousy posture with your head hunched over, displays negative self-image and subservience.

"Posture: The Silent Indicator of Confidence and Self-Perception

Peterson uses the society of lobsters as an analogy for the truth about posture. The chemistry in a lobster's brain changes depending on their status in the community. This is apparent in their posture

A Story Of Lobsters

Brief Summary of 12 Rules for Life by Jordan Peterson in Storytelling way. I hope you enjoy it.

#1 NATIONAL BESTSELLER  #1 INTERNATIONAL BESTSELLER What does everyone in the modern world need to know? Renowned psychologist Jordan B. Peterson's answer to this most difficult of questions uniquely combines the hard-won truths of ancient tradition with the stunning revelations of cutting-edge scientific research. Humorous, surprising and informative, Dr. Peterson tells us why skateboarding boys and girls must be left alone, what terrible fate awaits those who criticize too easily, and why you should always pet a cat when you meet one on the street. What does the nervous system of the lowly lobster have to tell us about standing up straight (with our shoulders back) and about success in life? Why did ancient Egyptians worship the capacity to pay careful attention as the highest of gods? What dreadful paths do people tread when they become resentful, arrogant and vengeful? Dr. Peterson journeys broadly, discussing discipline, freedom, adventure and responsibility, distilling the world's wisdom into 12 practical and profound rules for life. 12 Rules for Life shatters the modern commonplaces of science, faith and human nature, while transforming and ennobling the mind and spirit of its readers.

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